The overall UAV market is majorly driven by the rising expenditure by national governments on the defense sector. UAVs are majorly used for surveillance and monitoring across borders, homeland security and other crucial areas.Over the period of time, UAVs have found immense applications ranging from electronic intelligence, communication, aerial imaging and others. This is further estimated to significantly drive the overall market growth in the coming years. More than 50companies (including Northrop Grumman Corporation, Boeing Company), universities and government organizations in the U.S. are engaged in development of over 150 different unmanned aircraft designs. Thus, the UAV market holds immense opportunities and growth potential in the near future.

The overall UAV market is largely driven by the increased spending over unmanned systems since the last few years.The U.S., Israel and China are prime markets for UAV across the world, in terms of expenditure and development. Due to high spending over defense sector, the two countries have emerged highly lucrative for UAV. In response to the increasing demand, various companies are striving to provide platforms (UAVs)along with the software solutions, sensors, communications and other subsystems. Nevertheless, major concern for the market is high costs of the UAVs, especially the ones designed to operate in the high altitude category. Countries having less defense budget face high initial costs as a major concern for deployment of high altitude UAVs.

The global UAV market is consolidated in nature with few market players accounting for more than 40% of the total market revenue. The UAV market is highly competitive in nature. Majority of the market players have focus on offering high end UAVs that can sustain harsh environment and can stay aloft for longer flights. Major companies such as Boeing Company, Northrop Grumman Corporation and others have conducted series of acquisitions and partnerships in order to expand their footprint in the market.

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.